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Wednesday, March 18, 2009

Mar 18/09 Long EURUSD

Recommended FOREX Trade:
Buy EURUSD with CTGFutures Nested Trading Systems.
GBPUSD - CTGFutures Nested Trading Systems

In the upper chart (150 Tick) note the system is in Buy or Long mode. We then trade Buy/Long signals only on the 10 Tick chart below. Today the Fed announced that it was buying 300 Billion worth of US Treasuries - effectively "printing money" - which caused the US$ to fall hard. As a result our systems had a field day buying/profit taking and buying again for some very nice profits. This position was forecast in CTGFutures Weekly Trade Plan for March 16, 2009. You can download the PDF File for free.

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